878 Iroquois AveMelbourneFL32935
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Melbourne at 878 Iroquois Ave, Melbourne, FL, 32935 at $280,000 posts ROI 23.13% with $249/mo cash flow from $2,107/mo rent. Total monthly income equals $2,107/mo, and annual cash flow records $2,992/yr on $92,820 to close. Return on cash invested measures 23.13% and rental yield reads 9.03% at the current $280,000. Equity gained on principal adds $1,807/yr, and 5% annual appreciation supports $77,359 by year five. Five-year ROI prints 120.75% and total cumulative return in cash totals $112,077.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,107/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1965
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32935, Melbourne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,824 (100%) |
| Owner Occupied HU | 11,605 (58.5%) |
| Renter Occupied HU | 6,821 (34.4%) |
| Vacant Housing Units | 1,398 ( 7.1%) |
| Median Home Value | $330,196 |
| Average Home Value | $431,874 |
Housing Distribution
Address Breakdown
Residential
19,701
Single Family
15,593
Multi-Family
4,108
Businesses
1,611
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Listed by: Lee Romano • Keller Williams Space Coast
Mls Name: Space Coast AOR
Mls ID: #1048384
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.